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Tiffany has lost its lawsuit against Costco. The luxury brand accused Costco of counterfeiting and trademark infringement.
After nearly eight years, Tiffany & Co‘s lawsuit accusing Costco Wholesale Corp of counterfeiting and trademark infringement for selling generic diamond engagement rings bearing the name “Tiffany” has reached a verdict. The court of appeals ruled in favor of Costco.
The court said that Costco acted in good faith and that Costco customers were smart enough to realize that Tiffany & Co. did not manufacture or approve the “Tiffany” rings.
The settlement came after a federal appeals court in Manhattan overturned a $21 million judgment last August viagra generika schweiz rezeptfrei.
A trial judge had previously found Costco liable for selling the disputed rings, despite the claim that “Tiffany” had become a generic term and described the rings’ setting.
David Bernstein, an attorney for the Costco Group, said the two companies “have amicably resolved their dispute”. This information was confirmed by Tiffany & Co, which issued a similar statement.
Read also > BETTER THAN EXPECTED QUARTERLY RESULTS FOR TIFFANY & CO
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Tiffany has lost its lawsuit against Costco. The luxury brand accused Costco of counterfeiting and trademark infringement.
After nearly eight years, Tiffany & Co‘s lawsuit accusing Costco Wholesale Corp of counterfeiting and trademark infringement for selling generic diamond engagement rings bearing the name “Tiffany” has reached a verdict. The court of appeals ruled in favor of Costco.
The court said that Costco acted in good faith and that Costco customers were smart enough to realize that Tiffany & Co. did not manufacture or approve the “Tiffany” rings.
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Tiffany has lost its lawsuit against Costco. The luxury brand accused Costco of counterfeiting and trademark infringement.
After nearly eight years, Tiffany & Co‘s lawsuit accusing Costco Wholesale Corp of counterfeiting and trademark infringement for selling generic diamond engagement rings bearing the name “Tiffany” has reached a verdict. The court of appeals ruled in favor of Costco.
The court said that Costco acted in good faith and that Costco customers were smart enough to realize that Tiffany & Co. did not manufacture or approve the “Tiffany” rings.
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